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2015-07-30

Web.com Q2 2015 Earnings Conference Call and LIVE Webcast 5pm ET

UPDATE August 7, 2015:  Web.com Group's (WWWW) CEO David Brown on Q2 2015 Results - Earnings Call Transcript | Seeking Alpha: David Brown - Chairman, Chief Executive Officer and President: "And relative to Google Domains I would say Josh, our response would be same as before. There is really not been any noticeable impact from Google Domains, [the] domain space is commoditized very competitive space [i.e., low profit margins] and at this point there are other significant players that have more muscle and at this point Google really hasn't shown much muscle in the space." (emphasis added)

 Questions: Will Google get completely out of the commoditized, very competitive, low profit-margin domain name business? Why did they ever get into it? Did someone in Mountain View drink the ICANN new gTLDs Kool-Aid?

See:

Web.com Group stock charts: 5 year (left above) and 5-day (right above) [chart source: google.com]
The Web.com Group, Inc. [ check stock price now: NASDAQ:WWWW ], reported Q2 2015 financial results, after the U.S. financial markets closed on Thursday, July 30, 2015. A conference call and webcast, 5:00 pm ET (US), scheduled to discuss the Company's financial results and current business outlook. The webcast and replay of the call with accompanying slides will be available at the Investor Relations page of the Company's website (http://ir.web.com). To access the call, dial 877-407-0789 (domestic) or 201-689-8562 (international). A replay of the conference call will be available until August 6, 2015, at 877-870-5176 (domestic) or 858-384-5517 (international). The replay conference ID is 13614023. See also: Web.com Group's (WWWW) CEO David Brown on Q2 2015 Results - Earnings Call Transcript | Seeking Alpha

Web.com Second Quarter 2015 Earnings Conference Call - Jul 30, 2015, 5:00 PM ET:
Web.com Q2 2015 Financial Results (NASDAQ:WWWW):
Summary of Second Quarter 2015 Financial Results:
  • Total revenue, calculated in accordance with U.S. generally accepted accounting principles (GAAP), was $135.7 million for the second quarter of 2015, compared to $138.2 million for the second quarter of 2014. Non-GAAP revenue was $140.0 million for the second quarter of 2015, compared to $144.7 million in the year-ago quarter, and above the high end of the Company's guidance range of $137.0 million to $138.5 million.
  • GAAP operating income was $14.9 million for the second quarter of 2015, compared to $10.4 million for the second quarter of 2014. Non-GAAP operating income was $34.3 million for the second quarter of 2015, representing a 25% non-GAAP operating margin, compared to $38.4 million for the second quarter of 2014, representing a 27% non-GAAP operating margin.
  • GAAP net income was $4.6 million, or $0.09 per diluted share, for the second quarter of 2015. GAAP net loss was $0.8 million, or $0.02 per diluted share, for the second quarter of 2014. Non-GAAP net income was $31.5 million for the second quarter of 2015, or $0.60 per diluted share, exceeding the high end of the Company's guidance of $29.0 million to $30.0 million, or $0.56 to $0.57 per diluted share. The Company had non-GAAP net income of $33.6 million, or $0.62 per diluted share, for the second quarter of 2014.
  • Adjusted EBITDA was $38.4 million for the second quarter of 2015, compared to $41.8 million for the second quarter of 2014, representing a 27% and 29% adjusted EBITDA margin during three months ended June 30, 2015 and 2014, respectively. 
  • The Company generated cash from operations of $45.5 million for the second quarter of 2015, compared to $37.1 million of cash flow from operations for the second quarter of 2014. 
Second Quarter and Recent Business Highlights:
  • Web.com's total net subscribers were approximately 3,316,000 at the end of the second quarter of 2015, up approximately 21,000 from the end of the first quarter of 2015.
  • Web.com's average revenue per user (ARPU) was $13.91 for the second quarter of 2015 compared to $14.89 for the second quarter of 2014. ARPU was up sequentially during the second quarter of 2015 from $13.75 during the first quarter of 2015.
  • Web.com's trailing twelve month customer retention rate was 87.7% for the second quarter of 2015. This is in line with recent levels of high customer retention.
  • Web.com used $30.0 million in cash to reduce debt during the second quarter of 2015.
  • Repurchased 657,000 shares for $14.2 million in the second quarter of 2015.


 Web.com Group, Inc. provides Internet services to small businesses including domains, hosting, website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and eCommerce solutions. Domain Name Registrars Network Solutions (networksolutions.com) and Register.com are brands of the Company. (source: Web.com Group)

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